tax code -- credit suisse has acknowledged misconduct in the u.s. tax code. we discussed that after the break. ♪ morning, welcome back. you are watching "the pulse," live from bloomberg's european headquarters in london. currency markets -- let me show you what is happening with the pound. trading near the top end of the daily range, 1.6691. on gdp thisread morning, in line with estimates. the thing you can take away from date of this morning as that they are showing some really decent pickups in key areas of the economy that are now crucial to the recovery becoming self-sustaining. for instance, net trade, a big area the governor is concerned about. george osborne talking about this starting to pick up and adding a portion of that 0,7 to the growth number. good numbers coming out of the u.k., not better than expected, but the composition of the gdp read is slightly better than anticipated, hence the rebound in the pound versus the u.s. dollar. let's turn our attention to one of our main stories, credit suisse, a u.s. senate committee bank held american cus